Which bank cards do not require annual fees

Credit cards that do not charge annual fees include: Industrial and Commercial Bank of China Peony Express Card, Bank of Beijing Daai Card, Shanghai Pudong Development Bank Dream Card Platinum Card, Bank of China Platinum Credit Card, Agricultural Bank of China Honorable Credit Card, etc.

Debit cards that do not charge annual fees include: Ping An Bank, Jining Bank, Minsheng Bank, Industrial Bank, CITIC Bank, China Everbright Bank, Shengjing Bank, etc.

For more questions about bank card annual fees, you can consult at local bank branches or call the bank’s official customer service hotline.

Bank cards refer to credit payment instruments issued to the public by approved commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposits and withdrawals, etc. Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes. The application of the bank card automatic settlement system has made the dream of a "checkless, cashless society" a reality.

Classification method

Generally, bank cards are divided into credit cards and debit cards according to whether they grant the cardholder a credit limit. In addition, bank cards can also

be divided into magnetic stripe cards and chip cards according to different information carriers;

are divided into domestic cards and overseas cards according to whether the issuer is in the country;

It is divided into personal card and corporate card according to the issuing objects;

It is divided into RMB card, card and dual-currency card according to the account currency.

Debit card

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash. A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

Debit card [debitcard] can be used for consumption online or at POS, or transfer and withdrawal through ATM. Overdraft is not allowed, and interest is calculated on the amount in the card based on current deposits. Funds are withdrawn directly from the savings account when spending or withdrawing money. Debit cards generally require a password (PIN) when used. Debit cards can be divided into ordinary cards, gold cards and platinum cards according to their levels; they can be divided into domestic cards and international cards according to their scope of use.

Credit cards

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

Credit Card

Creditcard (Creditcard), often called a credit card, means that the issuing bank gives the cardholder a certain credit limit. The cardholder can use the credit card within the credit limit. A credit card that spends first and pays back later. It has the following features: consume first and repay later, enjoy an interest-free payment period (up to 56 days), and has a minimum repayment amount. Customers can repay in installments if they have overdrafts. Customers need to pay a certain amount of annual fees to the bank they apply for, which differs from bank to bank.

Which bank’s credit card offers no annual fee every year?

The annual fee exemption policy currently implemented by CITIC Bank credit cards is as follows: 1. If you swipe or withdraw cash once within 30 days of card approval, you can enjoy the annual fee exemption for the first year, and the cumulative number of swipes or cash withdrawals within one year will be waived. 5 times, the annual fee for the next year will be waived. 2. No fees will be charged if the credit card is not activated (note: except CITIC Infinity Credit Card, Air China World Credit Card, Platinum Credit Card, Magic Titanium Card, and Annual Fee Package Card).

The annual fee for the main card of CITIC Credit Card: the annual fee for regular card is 100 yuan, and the annual fee for gold dual-currency card is 300 yuan; Notes on handling installment business with CITIC Bank credit card: 1. Bottom line of installment amount: the minimum amount for a single consumption is 600 yuan 2. Procedures Fee collection method: payment per installment 3. Early repayment regulations: no early settlement is allowed 5. Application time: single installment: 2 days after the card consumption transaction: 3 working days before the current bill date Bill installment: after the current bill date: due in the current period 3 working days before the repayment date

List of 15 bank credit cards with lifetime free annual credit card fees

1. Industrial Bank:

Apply for a major card during the promotion period Small cards are free of annual fees for life, and Tianjin Friendship Shopping Center Gold Card VIP members and super VIP members who successfully apply for Tianjin Friendship Co-branded Credit Card will directly enjoy lifetime annual fee exemptions.

2. Industrial and Commercial Bank of China:

The cumulative consumption points of Peony Platinum Credit Card reach 4 million points. As long as other credit cards are used for ten years, annual fees will be waived for life.

3. China Construction Bank:

Red Cross co-branded card and business card

4. China Merchants Bank:

Samsung and Olympic Games VISA Small Card

These two cards are also free of annual fees for life. Unfortunately, the small card is a US dollar single-currency card.

5. China Everbright Bank:

Beijing Housing Maintenance Fund Card

6. Pudong Development Bank:

McDull Card

7. Shanghai Bank:

Zhu Xing Except for the Yun and Xinya series cards, all other cards are permanently exempt from annual fees. However, if the "Xingyun" series credit card is used 6 times in the first year and the "Xinya" series is used once, the annual fee will be waived for life.

8. Shenzhen Fa Bank:

Shanghai Youth Card

If the cardholder chooses to use the credit card function, and is a full-time student and is approved by the Youth League Committee The bank waives annual fees for identified extremely poor youths and outstanding youths. If you choose the debit card function, no annual fees will be charged;

9. Bank of Communications:

10. Agricultural Bank of China:

11. China CITIC Bank:

12. Hua Xia Bank:

If you pay the first-year annual fee of 700 yuan, you will be exempted from the lifetime annual fee.

13. Postal Savings Bank of China:

14. Bank of China:

15. Bank of Ningbo:

Which bank’s credit card does not require years?

There are many banks that do not require annual fees. Industrial and Commercial Bank of China: Shanghai Peony Unblocked Card and Peony Platinum Credit Card have cumulative consumption points of 4 million points. Other credit cards are free of annual fees for life as long as they are used for ten years; China Construction Bank: Red Cross co-branded cards and business cards are free of annual fees for life; Bank of China: Great Wall RMB Credit Card Gold Card. Agricultural Bank of China: UnionPay business card.

Credit card annual fee rules refer to some corresponding regulations for the annual payment of credit cards. Banks are not allowed to charge annual fees before the credit card is activated by the cardholder. However, in the face of the various annual fee rules for credit cards from different banks, most Most people have little idea about it. Most annual credit card fees are around one hundred yuan. Some banks stipulate that you can waive the annual fee by swiping three times a year. If you don’t use the card after you apply for it, you will have to pay the annual fee, which is certainly not cost-effective. The annual fee exemption rules vary among different banks, making it easy for cardholders to incur annual fees unintentionally. Cardholders generally believe that credit card agencies adopt the practice of waiving the annual fee in the first year and waiving the annual fee in the following year if the card reaches a certain standard, but this is not the case for all cards. For example, ICBC credit cards are not exempt from annual fees in the first year. Instead, they need to swipe the card a total of 5 times or spend more than 5,000 yuan to be exempted from the annual fee. China CITIC Bank stipulates that only swiping the card once in the first month after the card is issued can be exempted from the annual fee in the first year. .

As for the rules for exempting the annual fee for the following year, some banks stipulate that as long as the card is swiped more than three times, it will be free, such as China Construction Bank [6.203.85] and China Everbright Bank; some banks stipulate that the number of swipes is more For example, the Shenzhen Development Bank Credit Card stipulates that the annual fee for the following year can be waived by swiping the card 18 times. Most banks adopt the policy of waiving annual fees 5-6 times, such as ICBC, Agricultural Bank of China, Bank of China, Bank of Communications, China Merchants Bank, etc.

Yinsu.com financial planner pointed out that since annual fees are not the main source of income for domestic credit card issuers, banks generally stipulate that annual fees must be waived after a certain number of card swipes, but there is no limit on the amount. However, there are some banks that impose restrictions on the amount of consumption. For example, Shanghai Pudong Development Bank stipulates that the annual fee for the next year can be waived only if the consumption reaches 2,000 yuan or more. It is also worth noting that the bank’s annual fee exemption rules are not static. A staff member of the Credit Card Center of Bank of Communications [8.794.27] told reporters that the annual fee for a credit card is based on the collection time of the first year's annual fee, and is pushed back 12 months to the collection time of the next year's annual fee. Bank of Communications credit card annual fee exemption rules will generally be notified to cardholders by text message at the end of the year or the beginning of the next year. Cardholders need to pay attention to whether the annual fee exemption rules have changed.

Which bank credit card has no annual fee

Many banks have credit cards with no annual fee, such as the UnionPay Civil Servant Card of Bank of Communications and Agricultural Bank of China, the Great Wall Credit Card Gold Card of Bank of China, and the Postal Service Card. Savings Bank’s Ding Card credit card, China CITIC Bank’s Blue Card, China Construction Bank’s Red Cross co-branded card and civil servant card, etc. What I want to tell you is that many banks support spending six times in a year, and you can enjoy the annual fee-free service the following year.

Different banks have different annual fee standards for credit cards, and the annual fees for different credit card types of the same bank are also different. However, currently, credit cards issued by domestic banks usually adopt the policy of exempting the annual fee in the first year and swiping the card a certain number of times to waive the annual fee in the following year (except for some platinum credit cards). Therefore, as long as the credit card can meet the consumption standards required by the bank, it is equivalent to a full exemption. Annual fee. For example, Bank of China, Agricultural Bank of China, and Industrial Bank credit cards are exempted from annual fees in the first year, and the annual fee for the following year is waived if the card is swiped 5 times within a year; ICBC credit card is swiped 5 times within a year, and the annual fee is waived for that year (ICBC credit card annual fee is in the natural year) It is charged at the end of the year, not in advance, so there is no annual fee exemption in the first year); the China Construction Bank credit card is exempt from the annual fee in the first year, and if the card is swiped three times in a year, the annual fee for the next year is waived; the Bank of Communications credit card is exempted from the annual fee in the first year , the annual fee for the next year can be waived by swiping the card six times a year (Bank of Communications Platinum Credit Card does not have an annual fee waiver policy).

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Which Bank of China credit cards are free of annual fees

Currently, Bank of China will not charge any fees if the card is not activated. During the year of using the credit card, if the accumulated card consumption of this account in the year meets the following conditions, you can The annual fee for the current year is reduced or exempted, except for special cards:

1. The personal gold card is exempted from the annual fee in the first year, and 5 purchases are exempted in the following year; the annual fee reduction policy for supplementary cards is the same as that for the main card;

2. From 2017 to 2018, new platinum card customers will be exempted from the first-year annual fee. Old customers and new customers need to pay 12 annual fees for the next year and a minimum of 20,000 yuan will be waived, or use 100,000 transaction points to redeem the annual fee. ; The annual fee reduction and exemption policy for supplementary cards is the same as that for the main card;

3. All-currency international chip series gold, regular and platinum credit cards: There is no annual fee for applying for the card before December 31, 2018.

4. World Elite Card/New Infinity Card Diamond Card: Since 2017, World Elite Card/New Infinity Card Diamond Card has strictly implemented the annual fee collection policy. In principle, all customers are charged annual fees. Or customers can use 400,000 transaction points to redeem the annual fee.

5. Unlimited card dual-currency card: 2018 policy, in principle, an annual fee is required; the annual fee for the following year requires customers to use 400,000 transaction points to redeem.

6. American Express Private Card: New cards issued in 2018 will be given a first-year discount policy; the annual fee for the next year requires customers to use 800,000 transaction points, 480 exclusive points or 400,000 transaction points for 240 exclusive Points redemption.

The above content is for your reference, please refer to actual business regulations.

This is the end of the introduction about which bank’s credit card has no annual fee and which bank’s credit card has no annual fee and interest. I wonder if you found the information you need?